Mcx News With Khelomcx:- Mcx Gold dips on firmer dollar, profit-taking; focus on ECB outcome.
Mcx News With Khelomcx:- Mcx Gold dips on firmerdollar, profit-taking; focus on ECB outcome . http://khelomcx.com/ Mcx Gold prices eased on Thursday as the US dollar hovered near multi-week highs, while some investors locked-in profits ahead of major central bank meetings this month. The European Central Bank is meeting later in the day, followed by the US Federal Reserve next Tuesday-Wednesday. Spot Mcx Gold was down 0.2 per cent at $1,422.80 per ounce, as of 0303 GMT. US gold futures were down 0.1 per cent at $1,422.90. "From last three days, Mcx Gold prices have been range-bound. Some money managers are starting to shut some positions to prepare for the Fed meeting, and also the ECB decision coming out today," said Benjamin Lu, analyst, Phillip Futures. "Before the key events happen, people like to take in some profits because nobody knows what is going to happen. Some might capitalise on volatility to push prices slightly lower an...